EV/Hybrids, Twitter, Miami, and the 147th Running of the Kentucky Derby

Welcome to the inaugural edition of the Tao of Pete Magazine.

Connecting People and Ideas that can Change the World

Explore the business, money, and technology behind the Golden Age. Read about alternative assets, artificial intelligence, crypto, decentralized finance, electric vehicles, space mining, and much, much more.

EMERGING TECH

20 percent of EV/Hybrid automobile owners go back to gas power, according to research at UC Davis. The survey covered more than 4,000 households who owned electric vehicles in California.

The biggest hurdle? Charging. It takes too long to get a “full tank”. In California, most homes aren’t optimized for charging cars. (I suspect it’s similar throughout the US)

According to the study, Tesla (TSLA) owners were the least likely to switch back to gas.

BUSINESS & INVESTING

Twitter (TWTR) closed down 15 percent Friday after reporting earnings. User growth in the first quarter was lower than expected.

“Average monetizable DAU (mDAU) reached 199 million, up 20% year over year and up 7 million sequentially, driven by ongoing product improvements and global conversation around…